Search Results for agency_names:"Securities and Exchange Commission"

The Miami International Securities Exchange, LLC has submitted a proposed rule change to the Securities and Exchange Commission (SEC). This change will allow the Exchange to list and trade options on the Goldman Sachs Physical Gold ETF as well as update the names of some trusts to their current names. The SEC has approved the rule to become effective immediately to align with similar rules from other exchanges, noting no negative effects on investor protection or public interest. The public is encouraged to submit comments on this rule change, which are due by March 14, 2025.

The Securities and Exchange Commission has received a proposal from Nasdaq PHLX LLC to allow FLEX Trading in options for the iShares Bitcoin Trust ETF (IBIT). This would enable these options to trade as both cash-settled and physically settled, with a consolidated limit of 25,000 contracts, which aims to prevent market manipulation and protect investors. The proposal is intended to broaden the range of available trading products and better manage investment risks in bitcoin-related products. Public comments are invited on whether this proposal aligns with the Securities Exchange Act's standards.

Cboe EDGX Exchange, Inc. has submitted a proposed rule change to the Securities and Exchange Commission (SEC) to amend its Fee Schedule. This change introduces a new fee waiver for Uncontrolled External Distributors under the Market Data section. The proposal is effective immediately, and the SEC is seeking public comments on this change until March 21, 2025. Interested individuals can submit their views on the SEC's website or by email, ensuring to reference the file number SR-CboeEDGX-2025-009.

The Securities and Exchange Commission (SEC) has announced a proposed rule change by the BOX Exchange LLC regarding the fees for Floor Market Maker manual transactions on the BOX Options Market LLC facility. This change was filed on January 16, 2025, and is set to be effective immediately. The SEC is inviting the public to submit comments on this proposed change. Anyone interested in providing feedback can do so through the SEC's website or by sending an email, with submissions accepted until February 27, 2025.

The Securities and Exchange Commission published a notice about a proposed rule change for the Cboe BYX Exchange. The change involves allowing the Exchange's Match Trade Prevention (MTP) functionality to be used when entering Periodic Auction Orders. This aims to help users manage their orders and prevent undesirable trades, like wash sales, without interfering with ongoing auctions. Although MTP for Periodic Auctions would have some operational differences, it is meant as an optional risk tool and doesn't affect existing auction processes.

The document is a notice from the Securities and Exchange Commission (SEC) regarding a proposed amendment to the National Market System Plan governing the Consolidated Audit Trail (CAT). This amendment aims to introduce limitation of liability provisions, which would limit any claims against the CAT LLC to the lesser of $500 or the total fees paid by CAT reporters in the case of a data breach. This move is intended to align with industry standards and prevent potentially high costs and litigation that do not contribute to improved data security. The document invites public comments on whether this proposed amendment is in line with the Exchange Act and appropriately manages the cyber risks involved in maintaining a large, sensitive database like the CAT.

The Securities and Exchange Commission (SEC) announced that LCH SA, a clearing agency, has proposed changes to its CDSClear fee grid for commercial air conditioning and heating equipment. The adjustments include increasing the annual fixed fee for General Members and altering fees for both General and Select Members under different conditions. Additionally, LCH SA introduces new fee structures for Options clearing services, aiming to make options clearing more attractive and equitable for all parties involved. The SEC invites comments from the public on these proposed changes.

The Securities and Exchange Commission (SEC) has announced a closed meeting to be held at 2 p.m. on Thursday, February 27, 2025. The meeting will take place both online and at the SEC's headquarters in Washington, DC. The discussion will cover topics such as the resolution of litigation claims and the institution and settlement of injunction and administrative proceedings. The meeting is closed to the public, as it falls under certain legal exemptions that allow these topics to be discussed privately. For more details, Vanessa A. Countryman from the SEC's Office of the Secretary can be contacted.

The Options Clearing Corporation (OCC) filed a proposed rule change to amend the definition of “Fund Share” in its by-laws. This change aligns with the Commodity Futures Trading Commission's (CFTC) advisory indicating that options on spot commodity exchange traded funds (ETFs) are likely to be considered securities, thus falling under SEC oversight. The proposed changes will remove the need for product-by-product exemptions previously sought from the CFTC, providing clearer guidelines for market participants, and ensuring OCC's by-laws remain current and clear. The rule change aims to facilitate the efficient clearance of these options without significantly impacting competition or investor protection.

The Securities and Exchange Commission announced a change to their previously scheduled Closed Meeting. Originally set for January 13, 2021, at 2:00 p.m., the meeting time was adjusted to 2:30 p.m. on the same day. During this meeting, they will discuss examination matters and enforcement proceedings. For additional details, individuals can contact the Office of the Secretary.